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    Sharie DeHart

    Recent Posts

    Contractor Bookkeeping Using QuickBooks In Just Ten Minutes A Day

    Posted by Sharie DeHart on Tue, Sep 24, 2019

    QuickBooks users are generally not stumped by the software; they are confused by the accounting information necessary to complete the transactions. Quick access to correct information is essential to maintain the accuracy of your financial records.
     
    There are no limits to the number of items that can be entered into QuickBooks improperly. Messy files build transaction by transaction or merely put invoice by invoice, receipt by receipt can all be entered into QuickBooks incorrectly. No pop-up will say, "This Is WRONG" – Do It Over.
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    Topics: QuickBooks Training Online, Contractor Challenges, Contractor, Contractor Tips, finance, Contractor Operating Tips, Construction Books

    What Every Contractor Needs To Know About Payroll Processing

    Posted by Sharie DeHart on Fri, Sep 13, 2019

    When it comes to paying employees, laws and the IRS, have made the payroll function a time-consuming nightmare for the small business owner.
     
    Small business owners spend an average of eight hours a month performing payroll functions. That's 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers.
     
    Getting time cards input into QuickBooks and processing payroll can be a big hassle for your construction company.
     
    • Employee advances and loans that you forget to deduct can drain away your entire profit.
    • Timecards come in late causing payroll to be under enormous pressure to meet direct deposit deadlines.
    • Tracking employee bonuses, reimbursements and garnishments take time and money and can cost your company some serious fines, penalties, and lost productivity if not handled correctly.

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    Topics: Payroll Processing, Contractor Challenges, Contractor, Contractor Tips, finance, Contractor Operating Tips, Payroll For Construction Contractors

    Build A Construction Accounting System That Works For Your Company

    Posted by Sharie DeHart on Fri, Sep 06, 2019

    Construction is a tough business, and people failure is common. Most of our clients have either failed or come very close. It doesn't matter how many times you are knocked down; it only matters that you learn your lessons, get up, and go again. Some lessons we already took note of years ago, having owned and operated our construction company. By building a system and gaining insight from us, you can pick up from our mistakes which you don't have to go through and can start avoiding before it comes crashing down. 
     
    We are deeply passionate and committed in the construction industry that we want to support you, our clients and readers, to achieve your definition of success. Whether you're a contractor, owner, spouse, a business professional, bookkeeper, or accountant; we understand your frustrations because we've been where you are now, and we're here to help.
     
     


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    Topics: Communication Skills For Better Accounting Results, Clients, Online Class, Construction Accounting Online Classes

    Harness The Power Of Learning In The Construction Industry

    Posted by Sharie DeHart on Tue, Sep 03, 2019

    Knowledge leads to profits and cash flow. What makes knowledge powerful? Use of knowledge. In this cutthroat construction industry, you may not be able to outgrow your competition forever, but you can always outlearn them.
     
    Randalism: If you know the answers, the questions will not bother you.
     
    The only real difference between success and failure is the answers. What kind of answers are you looking for? Alternatively, should we begin by pointing out that you might be asking the wrong questions? 
     

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    Topics: Communication Skills For Better Accounting Results, Clients, Online Class, Construction Accounting Online Classes

    How To Attract The Right Employee For Your Construction Firm With Leveling

    Posted by Sharie DeHart on Tue, Aug 20, 2019

    To hire or not hire employees is one of the few optional things where the business owner gets to choose, change their mind or change direction as needed. With so much discussion about employees, payroll, and payroll taxes; you may feel that you are missing out by not hiring lots of employees. Reality is that as a small business owner, you DO NOT HAVE to hire employees.

    Hiring, maintaining, and feeding employees is not the measure of success. Owner-Operators can open his or her business and do all the work themselves. Moreover, some construction business owners still go by "No Skills Required." Thinking that "The jobs we do are simple. It's easy, and anybody can do it …that's why they think you can too!" They say things like, "You can start right now. Let's not waste time on an employment application/background check and other stuff. No Training Required - I trust you to do the most skilled functions in my business because you need a job."
     

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    Topics: Hiring Employees, Leveling Up

    Contractor Clients' Communication Process For Better Bookkeeping

    Posted by Sharie DeHart on Tue, Aug 06, 2019

    Excellent communication skills are part of any process, and by definition, it entails more than just talking. Today, it's the phone, emails, messaging, faxes, and it includes the flow of soft documents. 
     
    Of course, talking is a significant part of it.  Most of us would be lost without our mobile phones.  With internet access and a handful of applications, the newer smartphones replace the need for a traditional landline, fax machine, laptop, desktop computer or camera. 
     
    Many people already go to their bank, move money, pay bills, and pay for services.  Banks have added the technology where you can stop going to the bank altogether, with the bank's app, you can now snap a picture of the check and deposit into your account from your customer's location.
     

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    Topics: Communication Skills For Better Accounting Results, Construction Marketing, Clients

    Construction Company Marketing - Leads, Customers, And Clients

    Posted by Sharie DeHart on Fri, Jul 26, 2019

    It takes work to make the phone ring. It takes even more work to increase the sales ticket. Customers are looking for a contractor to do a little work. If you offer three options, do you find customers usually choose the middle option? 
     
    When trying someone new, they may go with a "Low Risk" by prepaying for services on a "Deal" on a contractor lead generation service. The deal allows them to set a "budget." It allows them to try you out before mentioning any additional details. Have you ever heard anything like this from a prospect: "Hello Contractor, I had nothing better to do this week, so I filled out your form and called you on the phone to ask you come to my house and while I act your tour guide because I am thinking of having some work done."? Not likely.
     
     

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    Topics: Construction Marketing, Customers Vs. Clients, Clients, Inbound Marketing For Contractors, offline marketing for contractors

    Effective Strategies For Contractor Timecard Issues

    Posted by Sharie DeHart on Fri, Jul 19, 2019

    Employees need to fill out timecards. The most practical reason is that all employees want to get paid, early, often, and regularly.
     
    For those of you that are parents, do you remember when you brought home your newborn baby? They need food, water and diaper changed. You learned all about "Goldilocks and the Three Bears" Some children who are born on a HOT summer day seem to get "overheated" quickly and do not suffer quietly. 
     
    If you have employees, you may notice in some similarities to raising children because in some cases you the contractor take over where your employee's parents left off. They want their paychecks (allowance) on a regular basis, and it had better not bounce at the bank due to insufficient funds.
     
    If any of your construction worker's paychecks do happen to bounce or they are not able to cash it at the bank because your construction company does not have enough money in the payroll account then most likely you will find whatever tools and equipment they have easy access to at the nearest pawn shop.
     



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    Topics: Time Cards, Contractors Bookkeeping Paperwork, Time Card Issues, QuickBooks For Contractors, Construction Bookkeeping, Painless Paperless Contractor Bookkeeping Services

    Establishing Your General Contracting Business - TIPS On Starting It Right

    Posted by Sharie DeHart on Fri, Jun 07, 2019

    Running a business for general contractors like you is an overwhelming yet fulfilling task because there are so many things only the company owner can and should do. In most cases, when the owner's spouse contacts us, it is because they are trying to help with the business, but they know they need outside assistance, so there is more quality time with the family.

    Most contractors, and small business owners, in general, haven’t realized that what you don’t know can keep you up at night. Instead of focusing your efforts in maintaining your relationship with your past clients and building a new one, you were up wondering whether you’re making or losing money. Today more than ever, it is necessary to have a properly set-up accounting and bookkeeping file and maintain it. Someone with the knowledge and training combined with an understanding of construction to Set-Up, Clean-Up, Tidy-Up, and manage your bookkeeping system.



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    Topics: Contractors Bookkeeping Paperwork, QuickBooks For Contractors, Construction Bookkeeping, QuickBooks Setup Do It Yourself, QuickBooks Construction Accounting, Assisted Do-It-Yourself Contractor Bookkeeping, Painless Paperless Contractor Bookkeeping Services

    What You Need To Know Before Hiring Subcontractors

    Posted by Sharie DeHart on Tue, May 28, 2019

    In Construction, hiring Independent Contractors can get very expensive, very fast!

    The Internal Revenue has a defined set of rules on what is the difference between an "Independent Contractor" and "Employee". With all the documentation in place, a person could still be classified in the eyes of the Internal Revenue Service as an "Employee."

    When you hire 1099 contractors

    You need to know that their state contractor's license, bond, and insurance are active. During audits, state agencies are now looking to check the bond and insurance. Anytime a contractor's license is suspended, the State may reclassify that person as an employee on your job.

    Because all fifty states are working with other agencies looking to be sure employee rights are covered, and the state, local and federal payroll taxes are paid. As an employer among your responsibilities are these:

    • Pay workers’ compensation

    • Meet wage and hour requirements

    • Pay unemployment tax

    • Maintain a safe workplace



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    Topics: Contractors Bookkeeping Paperwork, Subcontractor 1099, QuickBooks For Contractors, Construction Bookkeeping, QuickBooks Construction Accounting, Taxes

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